Burnett to Run UBS Middle Eastern Unit

UBS AG moved co-head of Asian banking Peter Burnett to run the Swiss bank's Middle Eastern investment-banking business and take advantage of closer economic ties between the two regions.

Middle Eastern companies have taken a shine to Asia, lured by the region's growth, while companies in China and India are scouting for resources in the Middle East. Dubai Ports International bought into Hong Kong's port about a year ago, while this...